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News
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LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.
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LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.
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Industry News
NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project
LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.
"We are facing a defining moment in the North American energy system and particularly in natural gas infrastructure," said the CEO of NeuVentus. "TRU Hub's prime location and excellent interconnectivity in the heart of the Gulf Coast, combined with the inherent flexibility of high-turn salt cavern storage, position TRU Hub exceptionally well to meet the moment and ensure that LNG, power, datacenter, industrial and petrochemical demand growth does not come at the expense of reliability."
The TRU Hub is a greenfield salt cavern storage facility located in the heart of the Moss Bluff salt dome in Texas. The TRU Hub facilities under development are comprised of the 12 permitted salt cavern wellbore locations, solution-mining equipment and interconnecting pipelines to some of the largest interstate and Texas intrastate transmission arteries. NeuVentus plans to initiate marketing efforts for the TRU Hub in the near future.
The RRC's final order provides for eight gas caverns (including natural gas and hydrogen) and four liquids caverns (including natural gas liquids). Together, these caverns equate to a potential fully-built total working capacity across all of TRU Hub's 12 permitted caverns of up to approximately 96 Bcf of natural gas, 100,000 metric tons of hydrogen, 128 million barrels of natural gas liquids, or some combination thereof.
NeuVentus plans an initial phase of development that includes two natural gas caverns, each of which is permitted for up to 14,000,000 barrels of cavern volume apiece, equating to approximately 10 Bcf of working capacity each and 20 Bcf in total natural gas working capacity. Each of the two caverns in the initial phase has a permitted maximum daily injection rate of approximately 2.5 Bcf/d.
TRU Hub's initial phase also includes a large-diameter natural gas pipeline header that has excellent interconnectivity with up to 12 natural gas pipelines, including some of the largest interstate and Texas intrastate transmission pipelines.
NeuVentus is a wholly owned subsidiary of Lotus Infrastructure Partners.
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The Locational Marginal Price Model (LMP) Network Power Model
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Day Ahead and Real Time Market Simulation
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The Gas Procurement and Competitive Analysis System
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